how to buy bitcoin on bybit

To buy Bitcoin on Bybit, create an account, deposit funds, navigate to the trading tab and select the BTC/USDT pair, enter the purchase amount, select an order type, review details, execute the trade, and withdraw your Bitcoin.

Oct 29, 2024 at 09:34 am

How to Buy Bitcoin on Bybit

1. Create an Account: Set Up KYC

*Visit the Bybit website and click "Register".
*Provide your email address and create a password.
*Complete the Know Your Customer (KYC) verification by submitting your government-issued ID and proof of residence.

2. Deposit Funds

*Click "Buy Crypto" and select a deposit method.
*Bybit supports credit/debit cards, bank transfers, and third-party payment processors.
*Follow the instructions to deposit funds into your Bybit account.

3. Trade for Bitcoin

*Navigate to the "Trading" tab and select "Spot".
*Search for the BTC/USDT pair and click "Buy".
*Enter the amount of Bitcoin you want to purchase in USDT.
*Select a market or limit order type and review the details.

4. Execute the Trade

*Click "Place Order" to execute your trade.
*The purchased Bitcoin will be credited to your Bybit spot wallet.

5. Withdraw Your Bitcoin

*Go to the "Wallet" section and click "Spot".
*Select Bitcoin (BTC) and click "Withdraw".
*Enter the amount you want to withdraw and the destination address.
*Confirm your withdrawal and follow the on-screen instructions.

Additional Tips

*Consider the market conditions and research before making a purchase.
*Set stop-loss orders to manage risk.
*Store your Bitcoin in a secure hardware or software wallet.
*Bybit charges a small trading fee, which varies based on order type and volume.